How much house can you afford in Queens? With a median price of $760,000 and a typical effective property tax rate of 0.9%, here are the real numbers a typical buyer faces in Queens County — plus a calculator for your exact case.
| Median home price | $760,000 |
| Down payment (20%) | $152,000 |
| Loan amount | $608,000 |
| Principal & interest / mo | $3,843 |
| Property tax / mo (0.9%) | $570 |
| Insurance / mo | $150 |
| Total monthly payment | $4,563 |
| Annual income needed (28% rule) | $195,556 |
Queens offers the best price-per-square-foot balance in NYC, with strong first-time buyer activity in Jackson Heights, Flushing and Astoria.
Different income, debts, down payment or rate — the calculator adjusts instantly and gives you a conservative-to-aggressive range for Queens.
Calculate my Queens mortgage →The typical effective rate in Queens County is about 0.9% of home value per year. On a median $760,000 home that is roughly $6,840 per year ($570 per month).
For the median $760,000 home with 20% down, the total payment is about $4,563/mo. Under the 28% rule you need a gross income of ~$195,556 per year. With a smaller down payment or existing debts, the figure rises.
Yes. Queens is part of NYC: the mortgage recording tax is 1.8% of the loan (1.925% if the loan is $500,000+). On the median example that is ~$11,704.
Indicative figures based on public data and the stated assumptions; not financial advice. Confirm rates and taxes with your lender and attorney.
